I am going to say pass. The gun itself is a great gun. I like them so well I have two of them! However, my absolute max is $300.00 on these guns, and I didn't pay that for either of mine and realistically probably wouldn't even pay that much. One was in good shape but very holster worn, and I picked that one up for $165.00 and the other was a stainless model that I picked up for $250.00. It could be that for one reason or another my area just has more of these pistols than does yours, but in any case I think you can find a better price.
Of course, I just re-read your post to make sure I had my facts straight, and I see you said "new", where I thought you said "used". For a new gun, thats about right, hahaha......